题目内容

When considering two mutually exclusive capital budgeting projects with conflicting rankings—one has a higher positive net present value (NPV), the other has a higher internal rate of return (IRR)-- t

A. HigherNPV.
B. Shorterpayback.
C. HigherIRR.

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A 20-year $1,000 fixed-rate non-callable bond with 8% annual coupons currently sells for $1,105.94. Assuming a 30% marginal tax rate and an additional risk premium for equity relative to debt of 5%, t

A. 13.0%
B. 12.0%
C. 9.9%

A country implements policies that are expected to increase taxes by €100 million, increase government spending by €50 million, and reduce investments and private sector savings by €25 million each. A

A. Increaseby€50million.
B. Decreaseby€50million.
C. Increaseby€100million.

A retailer provides credit cards only to its most valued customers who pass a rigorous credit check. A credit card customer ordered an item from the retailer in May. The item was shipped and delivered

A. July.
B. May.
C. August.

Under the International Accounting Standards Boards (IASBs) Conceptual Framework, one of the qualitative characteristics of useful financial information is that different knowledgeable users would agr

A. comparability.
B. verifiability.
C. understandability.

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